November 06 2008 / by Garry Golden
Category: Transportation Year: 2012 Rating: 1
Gasgoo.com is reporting talks between General Motors Executives and leaders from China’s State Grid Corporation of China (SGCC) to extend the countries electricity grid to support the first wave of electric vehicles.
Why is this important to the future of energy
Electric vehicles powered by a combination of batteries, fuel cells and capacitors – are coming to the world market! First generation electric motor vehicles are expected to be powered by batteries, followed by next generation hydrogen fuel cells. Both forms of electron energy require investments in infrastructure and energy storage systems. GM has made its intentions very clear to kill the combustion engine and move towards a new lower cost manufacturing platform of electric motors. The company is planning to build its extended range electric vehicle Chevrolet Volt in 2011 and hopes that China might become a major growth market for its post combustion engine vehicles.
The Energy Roadmap.com – Electric Vehicle Infrastructure
The key to moving beyond the era of liquid fuels and the combustion engine is to accelerate development of energy storage systems and infrastructure for supporting electric vehicles. We have posts on recent investments into energy storage and electric utilities by Warren Buffet
and China’s BYD, France’s GDF, Hawaii’s HEKO utility, Denmark, Australia, and Israel. But according to a recent McKinsey & Co report it is China that holds the greatest potential for transforming the global auto industry in this era of electric vehicles.